Broadridge Financial Solutions, Inc. (NYSE:BR) Director Stuart R. Levine sold 8,902 shares of Broadridge Financial Solutions stock in a transaction that occurred on Tuesday, November 20th. The stock was sold at an average price of $98.75, for a total value of $879,072.50. Following the completion of the transaction, the director now directly owns 36,530 shares in the company, valued at $3,607,337.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

BR opened at $98.41 on Wednesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.69 and a current ratio of 1.69. Broadridge Financial Solutions, Inc. has a 52-week low of $87.51 and a 52-week high of $138.24. The company has a market cap of $11.81 billion, a PE ratio of 23.49, a price-to-earnings-growth ratio of 2.16 and a beta of 0.95.

Broadridge Financial Solutions (NYSE:BR) last posted its earnings results on Tuesday, November 6th. The business services provider reported $0.79 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.11. Broadridge Financial Solutions had a return on equity of 46.83% and a net margin of 10.39%. The firm had revenue of $973.00 million for the quarter, compared to analysts’ expectations of $970.19 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up 5.2% compared to the same quarter last year. As a group, equities analysts anticipate that Broadridge Financial Solutions, Inc. will post 4.68 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 3rd. Stockholders of record on Friday, December 14th will be paid a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, December 13th. This represents a $1.94 annualized dividend and a dividend yield of 1.97%. Broadridge Financial Solutions’s dividend payout ratio (DPR) is presently 46.30%.

Several institutional investors and hedge funds have recently bought and sold shares of BR. Gabelli Funds LLC boosted its position in shares of Broadridge Financial Solutions by 440.8% during the second quarter. Gabelli Funds LLC now owns 64,900 shares of the business services provider’s stock valued at $7,470,000 after purchasing an additional 52,900 shares in the last quarter. Beaumont Financial Partners LLC bought a new stake in shares of Broadridge Financial Solutions during the third quarter valued at approximately $442,000. Dearborn Partners LLC boosted its position in shares of Broadridge Financial Solutions by 2.1% during the third quarter. Dearborn Partners LLC now owns 113,582 shares of the business services provider’s stock valued at $14,987,000 after purchasing an additional 2,352 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Broadridge Financial Solutions by 144.8% during the second quarter. BNP Paribas Arbitrage SA now owns 85,311 shares of the business services provider’s stock valued at $9,819,000 after purchasing an additional 50,462 shares in the last quarter. Finally, United Services Automobile Association boosted its holdings in Broadridge Financial Solutions by 20.7% in the second quarter. United Services Automobile Association now owns 99,791 shares of the business services provider’s stock worth $11,486,000 after acquiring an additional 17,104 shares in the last quarter. 84.97% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently issued reports on the company. SunTrust Banks assumed coverage on Broadridge Financial Solutions in a research note on Wednesday, August 29th. They set a “buy” rating and a $150.00 target price on the stock. Zacks Investment Research raised Broadridge Financial Solutions from a “hold” rating to a “buy” rating and set a $145.00 target price on the stock in a research note on Friday, August 10th. Finally, Sandler O’Neill reissued a “hold” rating and set a $130.00 target price on shares of Broadridge Financial Solutions in a research note on Tuesday, August 7th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $120.00.

WARNING: This story was published by Daily Political and is owned by of Daily Political. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.dailypolitical.com/2018/11/21/broadridge-financial-solutions-inc-br-director-stuart-r-levine-sells-8902-shares.html.

Broadridge Financial Solutions Company Profile

Broadridge Financial Solutions, Inc provides investor communications and technology-driven solutions for the financial services industry worldwide. The company's Investor Communication Solutions segment processes and distributes proxy materials to investors in equity securities and mutual funds, as well as facilitates related vote processing services; and offers ProxyEdge, an electronic proxy delivery and voting solution.

See Also: When is a capital gain realized?

Insider Buying and Selling by Quarter for Broadridge Financial Solutions (NYSE:BR)

Receive News & Ratings for Broadridge Financial Solutions Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Broadridge Financial Solutions and related companies with MarketBeat.com's FREE daily email newsletter.